{
  "report_rows": [
    {
      "kpi": "Q2 2026 adjusted FFO per share",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.65 vs. cons $1.64",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 revenue",
      "prediction": "MISS",
      "answer": "pred ~$646.0M vs. cons $653.7M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 leasing volume",
      "prediction": "BEAT",
      "answer": "pred ~930,000 RSF vs. cons 900,000 RSF",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 adjusted FFO per share midpoint",
      "prediction": "UNCHANGED",
      "answer": "guide ~$6.40 vs. cons $6.40 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q4 2026 adjusted FFO per share midpoint",
      "prediction": "LOWER",
      "answer": "guide ~$1.40 vs. cons $1.45 (Q4 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Year-end operating occupancy",
      "prediction": "LOWER",
      "answer": "guide ~86.7% vs. cons 87.0% (year-end 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Disposition and partial-interest sale midpoint",
      "prediction": "LOWER",
      "answer": "guide ~$2.7B vs. cons $2.9B (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -4.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A ~-4.8% day-1 residual extends to ~-6.5% by day 5 as a Q4 FFO midpoint of ~$1.40 vs. $1.45 and disposition guidance of ~$2.7B vs. $2.9B pull 2027 estimates lower despite an in-line Q2 FFO result.",
  "day5_confidence": "MEDIUM"
}